BELLINGS

Artifact Real Estate Buys Historic Odd Fellows Hall in Little Italy for $28M

An Uptown Manhattan landlord has purchased a Little Italy office building. Washington Heights-focused Artifact Real Estate Development purchased 165 Grand Street for $28 million from Bijan Nassi of Bijan Royal, according to a deed filing in property records Tuesday afternoon.…

An Uptown Manhattan landlord has purchased a Little Italy office building. Washington Heights-focused Artifact Real Estate Development purchased 165 Grand Street for $28 million from Bijan Nassi of Bijan Royal, according to a deed filing in property records Tuesday afternoon.…

BELLINGS Intelligence Score: 10

Why it matters

This is a routine real estate acquisition by a regional landlord with no broader market or regulatory implications for credit professionals.

Sources